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{
    "id": 420237,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/420237/?format=api",
    "text_counter": 228,
    "type": "speech",
    "speaker_name": "Hon. Musyimi",
    "speaker_title": "",
    "speaker": {
        "id": 95,
        "legal_name": "Mutava Musyimi",
        "slug": "mutava-musyimi"
    },
    "content": "My Committee is concerned with the extent to which revenue raising strategies are going to be implemented. Indeed, any increase in taxation may weaken near term domestic demand. These have to be chosen carefully since it requires trade-offs between conflicting policy objectives. On the revenue side, substantial opportunities exist for broadening Income Tax such as redesigning the Turn-Over Tax (TOT) regime. That is to say anybody who has a business whose turnover is below Kshs3 million pays a flat tax of the annual turnover as opposed to paying the Value Added Tax (VAT)."
}